Analysts Set Oatly Group AB Sponsored ADR (NASDAQ:OTLY) PT at $16.80

Shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $16.80.

A number of research firms recently issued reports on OTLY. Barclays reaffirmed an "overweight" rating on shares of Oatly Group in a research report on Thursday, May 1st. Wall Street Zen downgraded Oatly Group from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. DA Davidson upped their price target on shares of Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Piper Sandler cut their target price on shares of Oatly Group from $16.00 to $12.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, Mizuho set a $24.00 price target on Oatly Group in a report on Monday, April 28th.

Oatly Group Stock Down 4.5%

Shares of OTLY stock traded down $0.55 on Tuesday, hitting $11.64. 87,618 shares of the stock were exchanged, compared to its average volume of 148,033. The company has a current ratio of 0.53, a quick ratio of 0.40 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $348.39 million, a P/E ratio of -2.04 and a beta of 1.89. Oatly Group has a fifty-two week low of $6.00 and a fifty-two week high of $23.40. The business has a 50-day moving average of $10.90 and a 200 day moving average of $10.96.

Oatly Group (NASDAQ:OTLY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.51) EPS for the quarter, topping the consensus estimate of ($0.96) by $0.45. Oatly Group had a negative net margin of 20.51% and a negative return on equity of 66.51%. The business had revenue of $197.53 million during the quarter, compared to analysts' expectations of $199.97 million. Equities analysts anticipate that Oatly Group will post -3.2 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Portolan Capital Management LLC grew its position in shares of Oatly Group by 66.8% in the fourth quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company's stock valued at $5,247,000 after purchasing an additional 3,169,805 shares during the last quarter. Raiffeisen Bank International AG bought a new position in shares of Oatly Group in the fourth quarter worth about $1,522,000. Intrinsic Edge Capital Management LLC acquired a new position in shares of Oatly Group during the fourth quarter worth $1,259,000. Marshall Wace LLP increased its stake in shares of Oatly Group by 2,169.1% in the fourth quarter. Marshall Wace LLP now owns 1,433,468 shares of the company's stock valued at $946,000 after buying an additional 1,370,295 shares during the period. Finally, Jane Street Group LLC raised its position in Oatly Group by 52.5% during the 4th quarter. Jane Street Group LLC now owns 218,465 shares of the company's stock worth $137,000 after purchasing an additional 75,209 shares during the last quarter. 68.15% of the stock is owned by institutional investors.

Oatly Group Company Profile

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.